Question
Download Solution PDFA man spent 20% of his monthly income on rent and 45% of the remaining on clothes and he saves the remaining income. If his monthly savings are Rs.308, find his monthly salary.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Monthly savings = Rs. 308
A man spends 20% of his monthly income on rent.
He spends 45% of the remaining income on clothes.
Formula Used:
Let the monthly income be Rs. x.
Amount spent on rent = 20% of x = 0.20x
Remaining income after rent = x - 0.20x = 0.80x
Amount spent on clothes = 45% of remaining income = 45% of 0.80x = 0.45 × 0.80x = 0.36x
Savings = Remaining income after clothes
Savings = 0.80x - 0.36x = 0.44x
Savings = Rs. 308
Calculation:
⇒ 0.44x = 308
⇒ x = 308 / 0.44
⇒ x = 700
The monthly salary is Rs. 700.
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